The growth of Saudi bank loans to the private sector 15% in June

The statistical bulletin for June was issued by the Saudi Central Bank “SAMA”, which revealed an increase in SAMA’s net foreign assets in June, compared to May, of 2% to 1.657 trillion riyals.

On an annual basis, these reserves remained stable in June. And from Data in the monthly SAMA bulletin, data on bank loans to the private sectorIn June it recorded a monthly growth of 1.5%.

On an annual basis, bank lending to the private sector grew by 15%.

In addition, sight deposits, which represent the majority of deposits in the Kingdom, grew 9.5% yoy in June to 1.33 trillion riyals.

According to the central bank’s monthly report released on Saturday, the central bank’s total reserves increased by 34 billion riyals last month.

Net foreign assets decreased in significantly in 2020, as the decline in oil revenues led to the transfer of 150 billion riyals, equivalent to $ 40 billion, of reserves to the Kingdom’s sovereign wealth fund.

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